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3615 Cambridge Gate Lane
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 24, 2026 | Listed by Keller Williams Memorial | $775,000 | |
| Listed by Keller Williams Memorial | |||
| Aug 22, 2026 | Price Decreased |
$785,000
↓ $14K
(1.8%) | |
| Price Decreased | |||
| Jul 10, 2026 | Listed by Keller Williams Memorial | $799,000 | |
| Listed by Keller Williams Memorial | |||
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Welcome to this beautifully designed David Weekley home in the gated community of Somerset Green, where modern luxury meets effortless, lock and leave living. Built in 2022, this 4 bedroom, 3 bathroom home offers thoughtfully designed living space. The chef’s kitchen features quartz countertops, stainless steel appliances, a wine fridge, and an oversized island that opens to the spacious family room, perfect for everyday living and entertaining. Upstairs, the private primary suite offers dual vanities, an oversized walk in shower, and an oversized walk in closet. Three additional bedrooms provide flexibility for family, guests, or a home office. Enjoy the spacious backyard, ideal for relaxing or entertaining. Energy efficient appliances, advanced insulation, and high performance windows provide year round comfort. Somerset Green offers a 24 hour manned gate, resort style pool, walking trails, dog parks, playgrounds, canal views, and HOA maintained lawn care.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017